Generic vs branded medicines: an over-view
Abstract
The Indian pharmaceutical industry is the winner in the form of the most affordable formula in the world. The concept of generic prescription is widely accepted in various parts of the world. Nevertheless, it has failed to gain popularity in INDIA due to factors such as no availability and distrust on the product quality. However, since 2012, the Government of West Bengal, India, has initiated exclusive generic drug outlets called “fair price medicine shop” (FPMS).The concept of generic prescription is widely accepted in various parts of the world Generic drugs offer the same ingredients and same dosage forms therapeutic effect but lower cost and there available after the brand name drug patent expires .Dissolution is the amount of substance that goes into solution per unit time under standardized conditions of liquid/solid interface, solvent composition and temperature. Dissolution is one of the most important tools to predict the in-vivo bio-availability and in some cases to determine bioequivalence and assure interchange ability. Same drug can be sold for different prices under different brand names due to various reasons. Branded medicine is the original product that has been developed by a pharmaceutical company and generic medicine is a copy of the original branded product, marketed after the expiry date of the patent and hence supposed to be of low cost as compared to their branded versions
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